Recently, Dongwu Cement issued an interim performance report announcement for the six months ending June 30, 2023. During the Reporting Period, the Group's revenue was approximately HK $140,576,000, representing a decrease of approximately HK $62,745,000 or 30.9% from approximately HK $203,321,000 for the six months ended 30 June 2022. The gross profit margin of the cement segment increased from approximately -7.6% for the six months ended 30 June 2022 to approximately 1.8% for the Reporting Period. Loss attributable to owners of the Company decreased from a loss of approximately HK $19,944,000 for the six months ended 30 June 2022 to approximately HK $18,418,000 for the Reporting Period.
By product category, during the reporting period, the sales volume of the Group's cement products was approximately 444 thousand tonnes, representing a decrease of approximately 7% as compared with the same period last year, and the sales revenue of cement products decreased by approximately 31%
as compared with the same period last year. Sales in most regions recorded a decrease of varying degrees compared with the same period last year. During the reporting period, the gross profit of the cement segment was approximately HK $2,517,000, representing an increase of approximately HK $17,991,000 or approximately 116.3% as compared to the gross loss of approximately HK $15,474,000 for the same period last year; and the gross profit margin was approximately 1.8%, representing an increase of approximately 9.4% as compared to approximately -7.6% for the same period last year. The increase was mainly due to the decrease in the cost of raw materials, especially the price of coal.
In order to actively respond to the national environmental protection policy and implement the concept of green and low-carbon development, China Cement Network will hold the "2023 Cement'Double Carbon 'Conference and the 10th China Cement Energy Conservation and Environmental Protection Technology Exchange Conference" in Zhengzhou, Henan Province, from September 12 to 13, 2023. The cement industry is moving towards a low-carbon, more energy-saving and greener high-quality development.
At the same time, the medal ceremony of "2023 Advanced Enterprises of Double Carbon in Cement Industry" and the "Double Carbon" Equipment Exhibition will be held. After the meeting, we will also organize a visit to Jiyuan Zhonglian Cement Co., Ltd. "The world's first production line of carbon sequestration auxiliary cementitious materials and low-carbon cement from flue gas CO2 of steel slag capture cement kiln".
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